Posts Tagged ‘Wall Street’

Book Review: Flash Boys by Michael Lewis

Book Review: Flash Boys by Michael Lewis

By The Banker | Book Reviews, Investing, Wall Street

The Rise of the Machines Michael Lewis wrote Flash Boys to alert the non-finance world about the scourge of high frequency traders front-running investors and fracturing traditional capital markets. Lewis does not distinguish between quantitative (or algorithmic) trading strategies and high frequency trading firms (HFTs), although it’s helpful to define these terms first. Quantitative strategies [&hellip

What Should I Think About The Twitter IPO?

What Should I Think About The Twitter IPO?

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Wall Street

What should I think about the Twitter IPO? Mostly you should think about Las Vegas, Nevada, as a number of important analogies apply here.[1] First – The Poker Table You know the rule that if you’re sitting at the poker table, and you’re not sure who the sucker is, then it must be you? That’s [&hellip

I Disagree about JP Morgan But I'm Totally Entertained

I Disagree about JP Morgan But I’m Totally Entertained

By The Banker | Audio Posts, Video, Wall Street

A friend and I debated the merits yesterday of Alex Pareene’s recent article on Salon, in which Pareene praises the most recent $13 Billion fine against JP Morgan as justifiable punishment for greedy bankers and a morally-positive disincentive to the banking industry generally. I totally disagree. I happen to think, and I’ve written before, that [&hellip

Last Words on the London Whale

Last Words on the London Whale

By The Banker | Blog Posts, Wall Street

The last thing this world needs is another comment on the London Whale, but I’ve been silent on the topic for over a year, and today’s announcement that JP Morgan will pay $920 million in penalties, plus offer an apology, inspired a few quick thoughts. The settlement is meaningless, as punishment All along, the London [&hellip

All Bankers Anonymous Book Reviews in One Place!

All Bankers Anonymous Book Reviews in One Place!

By The Banker | Book Reviews, Personal Finance

  “Five Years from now, you’re the same person except for the people you’ve met and the books you’ve read.”   On Inequality Unintended Consequences – Why Everything You’ve Been Told About the Economy Is Wrong, by Edward Conard.  I’m opposed to his politics but I must admit he offers the best description I’ve read [&hellip